Bigger India

Chicago Investment Executive Sentenced for Defrauding New York Firm

The 54-year-old Ghosh and 58-year-old Keith Eric Jergensen of Salt Lake City, Utah, were convicted in October of wire fraud.

The Indian American head of a Chicago investment firm has been sentenced to 57 months in prison for conspiring to defraud a northern New York company out of $2.5 million.

Debashis Ghosh also was ordered at his sentencing April 23 in federal court in Syracuse to serve three years of supervised release.

Read it at India West

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